PSU sector news, Indian public sector latest news update, public sector undertakings news
Business Today
Prime Minister Narendra Modi with Union finance minister Arun Jaitley.

Barely two months are left in this fiscal and the government has managed to raise only Rs 1,715 crore through the disinvestment of 5% stake in SAIL.

 
 
The sale of a stake in state-run Indian oil, could help the government raise more than US $1 billion towards its asset sale target of US $10 billion for FY15.
The PSU steel maker indicated that the investment line-up would encompass both brownfield and greenfield expansion.
Coal Unions said nearly 5 lakh workers, including those of Coal India, have joined the strike, which is being billed as the biggest industrial action since 1977.
On its first day itself, the strike is estimated to have caused production losses to the tune of Rs 70 crore in first two shifts Tuesday, officials said.
The company accounts for about 80% of country's total output and worker strikes have previously crippled power plants. Coal fuels 60% of the country's power production.
Prior to this, Bhattacharya was the CMD of state-owned Singareni Collieries Company.
 
 
There is a proposal to sell 10 per cent stake in Coal India which is likely to get the government Rs 24,000 crore at current prices.
CIL workers' unions are protesting Prime Minister Narendra Modi's move to allow private companies to mine and sell the fuel for the first time in 42 years.
Coal workers and unions across the country are bitterly opposed to the coal block allocation ordinance that they say could lead commercial mining of the fuel.
Central trade unions, including INTUC, BMS, AITUC, HMS and CITU, have given a strike notice to Coal India and called the strike from January 6 to January 10.
Advertisement